Funds Hub

Money managers under the microscope

Morning line-up


Hedge fund stories from the past 24 hours from Reuters and elsewhere:

rtxcg5sThe Lehman derivatives muddle – FT Alphaville

Ex-AIG chief Cassano back in U.S. – Reuters

Hedgie dies in escalator fall - Fox News

Swiss hit Lansdowne to lure Hedgies – Swisster

Irish FinMin on the hedge fund backing anti EU-campaign – Irish Times

The bear necessities


BearGenuine non-correlation is flavour of the month in new hedge fund launches.

In English, that essentially means funds that don’t go down much when the market falls (we don’t seem to mind if a fund matches the market during a bull market).

On Monday 47 Degrees North, a firm backed by the Guinness family’s (of brewing fame) investment office, said it had launched a fund investing in electricity markerts, Middle Eastern and North African equities, insurance-linked securities and volatility arbitrage which is designed to have low correlation to equity markets.